Bowater is expected to ink an agreement with Sepoong Corp., a South Korean paper company. The Korean operation is expected to sign a memorandum of understanding to sell its operations and assets for around $200 million.
The two companies have been in discussions since early last year. Bowater has been looking to extend its paper coverage through strategic acquisitions in Asia. To accomplish this Bowater acquired Halla Newsprint, another Korean paper company.
Explore the September 2000 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- Cards Recycling, Live Oak Environmental merge to form Ecowaste
- Indiana awards $500K in recycling grants
- Atlantic Alumina partners with US government on alumina, gallium production
- GP Recycling president retires
- Novelis Latchford commissions new bag houses
- UK facility focuses on magnet recycling
- Aduro revenue increases while losses widen
- Worldsteel updates its indirect steel data
